02
Oct
01:00
Nucor gets federal approval for Gallatin purchase
US steelmaker Nucor says that the US Federal Trade Commission has approved its $770 million acquisition of Gallatin Steel Company and the closing is expected in approximately ten days.
The purchase from former joint-owners ArcelorMittal and Gerdau Steel was announced in September and adds 1.8 million ton/year to Nucor’s flat-rolled steel capacity (See Kallanish 16 September).
"This acquisition is an important step in the execution of our co…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous